It was a holiday shortened week of Forex Industry News, but not too short for a number of important issues and topics you read about only at LeapRate: Which Forex company is the latest recipient of a CySEC CIF license? Which leading broker had its best ever volumes month? Which European central bank took a large…
Read more
LeapRate Exclusive… LeapRate has learned via regulatory filings made in Norway and the UK that Norway’s central bank, Norges Bank, has increased its position in UK online Forex and CFDs broker CMC Markets Plc (LON:CMCX) to 4%, making Norges one of CMC's largest shareholders. The Norges Bank stake in CMC consists of 11.73 million shares, worth about…
Read more
LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK and Singapore that King & Shaxson Capital Limited has seen a significant drop in activity in Fiscal 2016. (The company has a June 30 year end). King & Shaxson is the parent company of FCA regulated retail and institutional Forex broker PhillipCapital UK.…
Read more
London-based online trading firm CMC Markets Plc (LON:CMCX) has issued a Trading Update for its Fiscal 2017 second half, which covers the six month period of October 1, 2016 – March 31, 2017. CMC has a March 31 fiscal year end. While CMC did not disclose any specific revenue, volume or earnings figures, it did…
Read more
Australia financial regulator ASIC has added its powerful voice to the fray regarding the new rules governing what Forex brokers can and cannot do with client money, following the passage yesterday by Australia’s parliament of the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. The new…
Read more
Breaking Forex News... LeapRate has learned that Australia's parliament today passed the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. We had reported back in November that the Australian government was going to change the rules as to what ASIC licensed retail brokers offering over-the-counter derivatives products (read:…
Read more
LeapRate Exclusive… Some of the world's leading institutional investors continue to make big bets on a turnaround in shares of leading UK online brokers, which were hit hard late last year after the FCA proposed new strict rules governing Forex and CFD trading. LeapRate has learned via regulatory filings that BlackRock, Inc. (NYSE:BLK) has increased…
Read more
Platforms shut down, offices opened and closed, executive hirings, regulator bans, joint ventures, new licenses, results good and bad... this week's Forex Industry News had it all. And once again, you read about the key stories exclusively or first at LeapRate. With that in mind, we wanted to take this opportunity to thank you, our readers.…
Read more
LeapRate Exclusive... LeapRate has learned that FCA regulated retail forex broker GKFX has hired Hannah Hill as its new Head of Public Relations and Brand. Ms. Hill is a well known Forex industry figure. She worked most recently in the London office of Israel-based retail forex broker eToro as Head of Brand Marketing, helping eToro…
Read more
Financial research outlet Investment Trends has released its latest report on the Australia foreign exchange trading sector, showing continued growth of the Retail Forex sector down under. The latest report is based on a survey of more than 13,000 traders and investors conducted by Investment Trends in November 2016. Overall, Investment Trends calculated 4% growth…
Read more